Kyndryl Executing Disciplined Turnaround Strategy, Analyst Initiates Buy Rating with $30 Price Forecast

Kyndryl Holdings, a spin-off from IBM, is gaining support from Wall Street analysts. Guggenheim analyst Jonathan Lee initiated coverage with a Buy rating and a $30 price forecast, citing the company's effective turnaround strategy and profitable free cash flow. Lee believes Kyndryl's "Triple A" framework has improved contract-signing quality, automated operations, and enforced tighter contract discipline. The analyst sees opportunities in hyperscaler and technology vendor partnerships, standardizing service delivery, and exiting lower-quality engagements. Kyndryl is well-positioned to stabilize and gain market share in the IT infrastructure services market.